SOURCE: Netrality Properties

Netrality Properties

July 19, 2016 09:01 ET

Netrality Properties Acquires St. Louis Carrier Hotels From Digital Realty

Acquisition of 210 N. Tucker Street and 900 Walnut Street Coincides With Netrality's Purchase of the 365 Data Centers Colocation Business Also at 210 N. Tucker

ST. LOUIS, MO--(Marketwired - Jul 19, 2016) -  Netrality Properties, owner and operator of network-neutral carrier hotels and colocation facilities, announces the acquisition of two fiber-rich, network-dense properties located in St. Louis, Missouri: 210 N. Tucker, a 400,000-square-foot building, and 900 Walnut, a 100,000-square-foot building. Additionally, the company has acquired a colocation business located within 210 N. Tucker from 365 Data Centers. 

The buildings are the most critical core interconnection sites in St. Louis, serving as a gateway to long haul fiber in the region. Each facility offers carrier-neutral, building-owned and managed Meet-Me Rooms (MMRs). 210 N. Tucker and 900 Walnut offer customers access to over 43+ and 45+ network operators, respectively. The facilities also provide highly reliable data center operations with robust power and HVAC infrastructure. Netrality plans to integrate the operations of the two buildings along with the 365 Data Centers business under common management. 

"The acquisition of this portfolio enhances Netrality's growing national footprint," said Gerald M. Marshall, Netrality's President and Chief Executive Officer. "St. Louis is a key interconnection point for carriers, service providers and enterprise customers in the region. It was a pleasure working with Mike Darragh and the entire Digital Realty team on this transaction, and we look forward to building on their tremendous legacy in St. Louis." 

"We appreciate the opportunity we have had to work with Netrality on their strategic acquisition of these St. Louis data centers," said Scott Peterson, Digital Realty's Chief Investment Officer. "We also thank our operations team in St. Louis as well as the acquisitions team, who worked seamlessly with Netrality to facilitate the transaction and deliver on our capital recycling commitments." 

CitiBank provided debt financing on the acquisition, and Ropes & Gray LLP was Netrality's legal counsel on the acquisitions. 

Michael Hochanadel, Managing Director with JLL Capital Markets, represented Digital Realty on the transaction. 

For more information on Netrality Properties, please visit www.netralityproperties.com

About Netrality Properties:
Netrality Properties owns and operates network-neutral carrier hotels and meet me rooms providing a mix of retail and wholesale data center solutions driven by network-rich interconnection environments. Netrality properties today has seven strategic network interconnection properties: 210 N Tucker and 900 Walnut in St. Louis, 325 Hudson in New York City (owned in joint venture with Jamestown), 1102 Grand in Kansas City, 717 S Wells in Chicago, 1301 Fannin in Houston and 401 North Broad in Philadelphia. For more information on Netrality Properties, please visit www.netralityproperties.com

About Digital Realty:
Digital Realty Trust, Inc. supports the data center and colocation strategies of more than 1,000 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. https://www.digitalrealty.com/